Latest Personal finance News

Report raises concerns about Georgia hospital tax credit

Dec. 15, 2019 2:32 PM EST

ATLANTA (AP) — A Georgia program that provides tax credits for donations to rural hospitals does not ensure that the neediest hospitals receive the most money and will likely experience a decline in funding, according to a state report. The Rural Hospital Tax Credit — established by a state law that...

Barbershop provides more than haircuts, offers hope

Dec. 14, 2019 9:58 AM EST

MEMPHIS, Tenn. (AP) — Jarvis Becton was a teenager cutting hair on the porch of his home in South Memphis before he opened A Closer Look Barbershop. He wasn’t aware at the time that he would follow his grandfather’s footsteps as a shop owner or that he'd shape more than hairlines —...

Massachusetts taxpayers to see tax cut approved back in 2000

Dec. 14, 2019 8:46 AM EST

BOSTON (AP) — In 2000, Massachusetts voters handily approved a ballot question meant to reduce the state's income tax rate to 5%. Two decades later they're finally getting their wish. Republican Gov. Charlie Baker announced this week that on Jan. 1, the income tax rate will be cut from 5.05% to 5%. The tax...

Utility providers told to up outreach for hardship status

Dec. 13, 2019 7:53 PM EST

HARTFORD, Conn. (AP) — Public utilities regulators in Connecticut have asked the state's two largest electricity providers to increase efforts to reach out to customers who might qualify for hardship status. The Public Utilities Regulatory Authority in response to a surge in shutoffs over the past few...

Insurance plan fights overhaul aimed at wildfire areas

Dec. 13, 2019 7:21 PM EST

SACRAMENTO, Calif. (AP) — As California homeowners in wildfire-prone areas struggle to find insurance, a lawsuit filed Friday will test the state's authority to help them. California's insurance industry pays into a fund that sells coverage to people who can't buy it through no fault of their own. Known as...

Anonymous donations pay off $70K in layaway purchases

Dec. 13, 2019 1:59 PM EST

ANNISTON, Ala. (AP) — Walmart shoppers in Alabama got a happy holiday surprise when donations paid off $70,000 in layaway purchases at two stores, the company said Friday. Someone paid off $45,000 in purchases at a store in the east Alabama city of Anniston on Monday, according to Casey Staheli, a...

Wyoming, tribe to work on child protection funding issues

Dec. 13, 2019 11:15 AM EST

CASPER, Wyo. (AP) — Northern Arapaho leaders and state officials are looking for ways to improve a child protective services program that the tribe says needs more money from the state to be more effective. Gov. Mark Gordon and Northern Arapaho Tribe leaders met last week to discuss the tribe’s...

Holiday shopping off to slow start, US retail sales up 0.2%

Dec. 13, 2019 10:03 AM EST

WASHINGTON (AP) — U.S. retail sales rose at a modest pace in November as the holiday shopping season appeared to have a slow start. The Commerce Department said Friday that retail sales increased a seasonally adjusted 0.2% in November, down from 0.4% in the previous month. Healthy car sales lifted the...

Pound jumps on expected Tory win; trade talk lifts shares

Dec. 12, 2019 11:15 PM EST

BANGKOK (AP) — The British pound surged early Friday as exit polls indicated a resounding election victory for Prime Minister Boris Johnson's Conservative Party, as talk of a China-U.S. trade deal buoyed share prices in Asia. The British pound strengthened to $1.3468 from $1.3385 late Thursday as...

Democratic governor, GOP lawmakers keep clashing over taxes

Dec. 12, 2019 8:14 PM EST

TOPEKA, Kan. (AP) — Democratic Gov. Laura Kelly and Republican legislators are headed toward another confrontation over tax cuts because the GOP isn't giving up on reducing income taxes and Kelly has other priorities. Top Republicans in the GOP-controlled Legislature plan to push next year for tax...